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The Yield Curve and Financial Risk Premia by Felix Geiger, Paperback | Indigo Chapters
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The Yield Curve and Financial Risk Premia by Felix Geiger, Paperback | Indigo Chapters
From Felix Geiger
Current price: $160.95
From Felix Geiger
The Yield Curve and Financial Risk Premia by Felix Geiger, Paperback | Indigo Chapters
Current price: $160.95
Loading Inventory...
Size: 1 x 9.25 x 1.11
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The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book's approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances. | The Yield Curve and Financial Risk Premia by Felix Geiger, Paperback | Indigo Chapters